Closing costs are the all the consulting, legal and administrative fees that come with buying a home.

Estimate how much cash you’re going to need to purchase your home using the closing costs estimator below.

Start by entering the value of the loan or mortgage and your closing costs will be calculated. Click on the “View/Edit Closing Cost Details” link to add and change closing cost fees.

More about Closing Costs

Real property in most jurisdictions is conveyed from the seller to the buyer through a real estate contract. The point in time at which the contract is actually executed and the title to the property is conveyed to the buyer is known as the “closing”. It is common for a variety of costs associated with the transaction (above and beyond the price of the property itself) to be incurred by either the buyer or the seller. These costs are typically paid at the closing, and are known as closing costs.

Example: Mortgage Application Fees, paid by the buyer to the lender, to cover the costs of processing their loan application. In some cases, the buyer would pay the lender the application directly and prior to closing, while in other cases the fee is part of the buyer’s closing costs payable at closing.

Source: Wikipedia